FAT Brands Inc. (NASDAQ:FAT – Get Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 135,000 shares, a decrease of 34.6% from the February 13th total of 206,300 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 53,200 shares, the short-interest ratio is presently 2.5 days.
Analyst Upgrades and Downgrades
Separately, Loop Capital dropped their target price on shares of FAT Brands from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th.
View Our Latest Stock Analysis on FAT
Institutional Investors Weigh In On FAT Brands
FAT Brands Trading Down 2.4 %
Shares of FAT traded down $0.08 during mid-day trading on Monday, hitting $3.27. The company’s stock had a trading volume of 65,888 shares, compared to its average volume of 31,634. The company’s 50-day moving average is $4.25 and its 200-day moving average is $4.85. FAT Brands has a 52-week low of $2.90 and a 52-week high of $8.00. The firm has a market capitalization of $58.18 million, a price-to-earnings ratio of -0.35 and a beta of 1.83.
FAT Brands (NASDAQ:FAT – Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share for the quarter, missing the consensus estimate of ($2.68) by ($1.38). The firm had revenue of $145.28 million for the quarter, compared to analysts’ expectations of $157.45 million. As a group, sell-side analysts predict that FAT Brands will post -10.23 earnings per share for the current fiscal year.
FAT Brands Company Profile
FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.
Featured Articles
- Five stocks we like better than FAT Brands
- Best Stocks Under $5.00
- Can TikTok Stock Picks Really Make You Rich?
- How to Most Effectively Use the MarketBeat Earnings Screener
- The “Quality” Rotation: Back to Basics Investing
- How to Short a Stock in 5 Easy Steps
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for FAT Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FAT Brands and related companies with MarketBeat.com's FREE daily email newsletter.